A share price of Canada Goose Holdings Inc [GOOS] is currently trading at $11.00, up 4.76%. An important factor to consider is whether the stock is rising or falling in short-term value. The GOOS shares have gain 3.97% over the last week, with a monthly amount drifted -5.42%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Canada Goose Holdings Inc [NYSE: GOOS] stock has seen the most recent analyst activity on July 23, 2024, when Raymond James downgraded its rating to a Mkt Perform. On November 07, 2023, Evercore ISI initiated with a In-line rating and assigned a price target of $11 on the stock. Wells Fargo downgraded its rating to a Equal Weight. TD Cowen downgraded its rating to a Market Perform and reduced its price target to $15 on October 19, 2023. In a note dated May 02, 2023, Barclays downgraded an Equal Weight rating on this stock.
Canada Goose Holdings Inc experienced fluctuations in its stock price throughout the past year between $9.80 and $15.09. Currently, Wall Street analysts expect the stock to reach $21.69 within the next 12 months. Canada Goose Holdings Inc [NYSE: GOOS] shares were valued at $11.00 at the most recent close of the market. An investor can expect a potential return of 97.18% based on the average GOOS price forecast.
Analyzing the GOOS fundamentals
Trailing Twelve Months sales for Canada Goose Holdings Inc [NYSE:GOOS] were 988.86M which represents 1.97% growth. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.16 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.81 points at the first support level, and at 10.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.13, and for the 2nd resistance point, it is at 11.26.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Canada Goose Holdings Inc [NYSE:GOOS] is 2.14. On the other hand, the Quick Ratio is 0.63, and the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 1.13, the price to book ratio is 4.21 and price to earnings (TTM) ratio is 25.73.
